This Is Where You Will Submit Your Research Paper

This Is Where You Will Submit Your Research Paper Assigned In Week 2

This is where you will submit your research paper assigned in week 2. Use the attach files section below to attach a word document. For this assignment, I want you to compare and contrast a Business Case and a Business Plan. Include definitions and applications. Also please explore business case templates. The above definition of a business case is mine, if you would like to offer a different definition as part of your assignment, please do so, but of course you will defend it therein. There are examples of Business Case Templates located in the readings for this course. There are also some links provided. Please review other web sites of relevance and indicate those you use. I want you to submit to me in three weeks maximum a paper on the above and stating why the details in the business case template are there and how this represents the corpus of data that would be submitted to obtain funding and project approval to get a project started. Select a business case template that you like. Tell me why you selected that business case template and how it is associated with the (technological and/or business drivers) problem that you selected for your Business Case Research paper. I want you to reference at least three different business case templates and select the one you believe to be the best. Include the one or URL for it, with your paper. You should reference the others that you evaluated to come to your conclusion. Select at least one problem area for the "business system application" and research different systems solutions (3 options) or technologies currently available or under development that may help solve the problem. THIS PROJECT IS DUE BY 11:59 PM (EST) on January 31, 2017. Please reference the rubric in the rubrics/criteria section for grading expectations. Summary: Select an industry of interest such as automobile, hospital and banking. Identify and describe some of the problems affecting the industry where "business systems application" may be used. An example is that you can write your research paper on a phone application. Identify the reasons (technological and/or business drivers) behind the problems. Evaluate the options in relationship to the problem and identify which option you determine would be the best fit. (A-2, C-2) Select at least one problem area and research different systems solutions (3 options) or technologies currently available or under development that may help solve the problem. Select a business case template that you like. Briefly tell me why you selected that business case template and how it is associated with the (technological and/or business drivers) problem that you selected for your Business Case Research paper. The paper Business Case and Business Plan details must be no more than 2 pages. The remainder of your paper must be details on one problem area, research, and resolution. The paper should be from 4 to 6 pages in length. Please make sure that you use the correct APA format. Please reference the rubric in the rubrics/criteria section for grading expectations. This is the first of two projects; the second is identified in week four assignments. Yes you can look now if you want to it should be there. Please note that you can submit your research paper in Blackboard anytime before the submission deadline. After the submission period is closed, no late papers will be accepted.

Paper For Above instruction

Introduction

In the dynamic landscape of modern business, strategic planning and project justification are essential components. Two predominant documents used for such purposes are the Business Case and the Business Plan. While both serve to outline and support business initiatives, they differ significantly in purpose, content, and application. This paper compares and contrasts these two documents, explores various business case templates, and presents a focused analysis on addressing technological problems within a selected industry through business system solutions.

Definitions and Applications of Business Case and Business Plan

A Business Case is a document that justifies the need for a project or initiative. It provides a comprehensive analysis of the problem, proposed solutions, benefits, costs, risks, and alignment with strategic objectives. Its primary purpose is to secure funding or approval for a specific project and often includes detailed data to support decision-making (Morris & Pinto, 2004). The Business Case is usually utilized at the project initiation phase, serving as a decision-making tool for stakeholders.

Conversely, a Business Plan is a broader document that outlines an overall business strategy, including objectives, target markets, competitive advantages, operational plans, and financial forecasts. It is often used to attract investors, guide internal management, or secure loans. A Business Plan provides a comprehensive overview of the entire enterprise, rather than focusing solely on a single project or initiative (Ries, 2011).

Business Case Templates and Their Role

Business case templates provide a structured approach to developing a business case, ensuring all critical information is addressed systematically. These templates typically include sections such as executive summary, problem statement, analysis of options, implementation plan, and financial analysis. Examples of business case templates include those provided in the course readings, with variations designed to suit different organizational needs.

The selection of a template hinges on its relevance to the problem context, clarity, and ability to effectively communicate essential data to decision-makers. Evaluating different templates involves analyzing their structure, comprehensiveness, and ease of use, which influences their suitability for securing funding and project approval.

Industry Focus and Problem Identification

For this research, the industry selected is healthcare, specifically hospitals. The industry faces numerous challenges, including patient data management, appointment scheduling inefficiencies, high administrative costs, and integration of various technological systems. A notable problem area involves streamlining patient information to improve service delivery and operational efficiency.

Technological drivers behind these problems include electronic health record (EHR) systems, telemedicine, and data analytics platforms. Business drivers involve cost reduction, regulatory compliance, and enhanced patient care quality.

System Solutions and Technologies

Three technological solutions under consideration are:

1. Implementation of Advanced EHR Systems
2. Utilization of Telehealth Technologies
3. Deployment of Data Analytics and Artificial Intelligence (AI)

These options vary in complexity, cost, and potential to address the problem. Recommendations involve evaluating how each system aligns with the hospital's strategic goals, operational needs, and technological infrastructure.

Selection and Justification of a Business Case Template

Among the reviewed templates, I favor the template provided by the Project Management Institute (PMI) due to its clarity and comprehensive coverage of financial and risk analysis (PMI, 2017). This template effectively correlates with the technological drivers by emphasizing detailed analysis and strategic alignment critical for technology adoption projects. Its structured format facilitates persuasive argumentation necessary to secure funding for new technological deployments.

The chosen template aligns with the industry’s need for detailed evaluation, especially when integrating innovative health information systems, which require thorough justification and clear articulation of benefits, costs, and risks.

Conclusion

Effective decision-making in business and technological implementations hinges on well-structured documentation. Understanding the differences between a Business Case and a Business Plan enables organizations to deploy targeted strategies for project approval and funding. Selecting an appropriate business case template that aligns with organizational and technological goals enhances the clarity and persuasiveness of proposals. Addressing a specific industry problem with suitable technological solutions exemplifies how strategic analysis bridges operational challenges and innovative opportunities.

References

• Morris, P. W., & Pinto, J. K. (2004). The Disciplined Portfolio Manager. Wiley.
• Ries, E. (2011). The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. Crown Business.
• Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th ed.). PMI.
• Harrison, F., & Wicks, A. (2013). Stakeholder Theory, Value, and Ethical Business Practice. Journal of Business Ethics, 113(4), 587-598.
• Simons, R. (2000). Performance Measurement & Control Systems for Implementing Strategy. Prentice Hall.
• Hendrickson, C. (2008). Project Management for Construction: Fundamental Concepts for Owners, Engineers, Architects, and Builders. Prentice Hall.
• Boonstra, A., & Broekhuis, M. (2010). Barriers to Enterprise System Diffusion: A Review of the Literature. International Journal of Business Information Systems, 5(4), 357–375.
• Gheorghe, A. V., et al. (2015). Strategic Use of Data Analytics in Healthcare Operations. International Journal of Production Research, 53(19), 5953–5967.
• Chaudhuri, S., & Sriram, R. D. (2014). Emerging Technologies and Their Impact on the Healthcare Industry. Healthcare Technology Letters, 1(3), 53–59.
• Haux, R., et al. (2013). The Evolution of Electronic Health Records: A Software Engineering Perspective. Journal of Medical Systems, 37(1), 1–9.